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A lack of LNG deliveries tests European storage - 08-06-2021

LNG Demand in Asia is attracting cargoes away from Europe, where they are selling for a higher price. This places worry in the markets if the trend continues as Europe may struggle to fill up storage levels which has been left depleted after a prolonged winter.

Maintenance season is about to ramp up from tomorrow, with various Norwegian facilities reducing capacity or going off line, which is pushing up day ahead prices at the minute.